Connect with us

Africa

Nigeria adopts pioneering system to collect taxes directly and in ‘real time’ from online transactions

Published

on

Reading Time: 2 minutes

 

The Federal Inland Revenue Service of Nigeria (FIRS) has signed an agreement with UK based Fintech company E-Technologies Global Limited, to help it modernise its tax collection system for the digital age.

The project is the first of its kind where a pioneering approach to tax collection, enforcement and monitoring is being implemented as a managed service through E-Tech’s Sentinal National Payment Gateway. Sentinal is a unique transaction processing system that instructs integrated payment service providers to deduct taxes or charges at the point of transaction and remits funds in real-time to Governments’ Treasury accounts.

The project with Nigeria starts with the launch of a new initiative by the National Lottery Regulatory Commission of Nigeria to attract ‘Tier 1’ offshore global gaming operators to apply for a five year Permit to offer all gaming and sports-betting services to Nigerian players. Operators must comply with full risk-based AML screening and pass the ‘fit and proper’ test to demonstrate responsible gaming practices before being granted a Remote Operator Permit.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

All approved operators will then connect to Sentinal where gaming duty will be deducted from player deposits and remitted directly to the Government in real-time. The Permit has the advantage of allowing global operators to legitimately offer online gaming services to Nigerian players without the need to incorporate locally in-country and is subject to their continuing compliance with the Permit Terms and Conditions.

Mohammad Nami, Executive Chairman of the Federal Inland Revenue Service of Nigeria, said: “The world is entering a challenging time where there is a strong obligation on Governments to increase tax revenue as a percentage of GDP so as to provide much needed funding for local infrastructure and public services. Nigeria needs to innovate and harness technology to ensure that online transactions are taxed and accounted for.

“We have been very impressed with the Sentinal System which allows us to not only collect tax revenues at source, but also provides us with tax reporting and monitoring tools in real-time. The system will integrate with our own TaxPro Max portal.”

Lanre Gbajabiamila, Director General of the National Lottery Regulatory Commission of Nigeria, added: “Online gaming continues to grow rapidly in Nigeria, particularly on mobile, and the adoption of E-Technologies’ Sentinal National Payment Gateway is a huge step to allow us to capture gaming duty at source.

“We are welcoming all responsible offshore gaming operators to apply for a Remote Operator Permit as long as they pass all the relevant criteria including full AML screening and responsible gaming practices. We are proud to be the first country to adopt the Sentinal System and we believe it will bring a real national benefit to Nigeria.”

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

David Kicks, CEO of E-Technologies Global Limited, said: “Governments in rapidly developing nations are struggling to keep pace with the evolution of eCommerce and the ascent of mobile transactions. E-Technologies was created specifically to address this issue and we have built an incredibly strong team with unrivalled expertise across fintech, eCommerce and iGaming.

“We are thrilled that the Nigerian Government has made the decision to integrate our Sentinal System, empowering them to streamline online taxation. By understanding better how the payments ecosystem behaves and evolves, we can drive a paradigm shift towards a point of consumption tax methodology.

“This landmark deal will herald a new era in rapidly opening new regulated markets for responsible gaming operators, as grey market operating becomes increasingly problematic.”

Continue Reading
Advertisement

Africa

Springbok Casino Honours South Africa’s Strongest Mother’s in the Wild and Gives Away 25 Free Spins

Published

on

springbok-casino-honours-south-africa’s-strongest-mother’s-in-the-wild-and-gives-away-25-free-spins
Reading Time: 2 minutes

SpringbokCasino.co.za, South Africa’s premier online casino, is celebrating Mother’s Day by honoring the fiercest and most devoted mothers in the animal kingdom. To mark the occasion, players will enjoy 25 Free Spins throughout May on new mystical slot, brimming with glowing gemstones and treasures — a fitting tribute to all the amazing moms out there!

This May,

SpringbokCasino.co.za celebrates the incredible “Wild Moms League,” showcasing the superhero-like abilities of these extraordinary mothers as they fight to protect and nurture their young in the toughest of conditions.

From the lioness’s unyielding defense to the elephant matriarch’s profound wisdom, these remarkable mothers go to unimaginable lengths to ensure the survival of their families.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

Join us as we highlight some of the most inspiring tales of motherhood, where love, sacrifice, and fierce protection define what it truly means to be a hero:

THE WILD MOMS LEAGUE: CELEBRATING SOUTH AFRICA’S STRONGEST MOTHERS IN THE WILD

  • Superhero Lion Mum shows us that true strength goes beyond the physical—it’s rooted in the heart and mind.
  • Superhero Elephant Mum teaches us that true leadership isn’t just about giving orders—it’s about caring for those around you and using your wisdom and experience to help them navigate challenges.
  • Superhero Cheetah Mum combines her incredible speed and sharp instincts to provide for and protect her young, teaching them how to survive in a world full of danger.
  • Superhero Meerkat Mum vigilance is one of her greatest strengths. Perched high on lookout, she tirelessly watches over her family, keeping them safe from dangers like birds of prey and snakes.
  • Superhero Hippo Mum shows us that strength, dedication, and sacrifice are key to protecting those we hold dear.

MAY FREE SPINS
Valid May 1-31, 2025

25 Free Spins for Gemstone Keys: The Arcane Unlocked

Coupon Code:  LEAGUE

Prepare for an exciting journey with the new slot from Realtime Gaming, Gemstone Keys: The Arcane, where you could win up to 2500x your bet!

Featuring a 5-reel layout and 243 ways to win, this slot is perfect for both casual players and jackpot hunters alike. With its captivating Hold & Spin feature and multiple jackpot tiers, Gemstone Keys: The Arcane promises an adventure full of opportunities.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

Springbok Casino provides customer service in English and Afrikaans, offering hundreds of slots and table games from SpinLogic, all played in Rands. Games are playable on mobile devices or instant play.

The post Springbok Casino Honours South Africa’s Strongest Mother’s in the Wild and Gives Away 25 Free Spins appeared first on European Gaming Industry News.

Continue Reading

Africa

Association of Gaming Operators in Kenya Announces New Regulations

Published

on

association-of-gaming-operators-in-kenya-announces-new-regulations
Reading Time: < 1 minute

 

The Association of Gaming Operators in Kenya (AGOK) in partnership with government agencies, regulators and civil society are spearheading a set of proactive initiatives designed to shape the future of the gaming industry and protect innocent Kenyans from addiction to gaming.

In a press release, the Association says nationwide awareness campaigns promoting informed, mindful participation in gaming will be carried out across the country.

Advocacy for tools such as time-out mechanisms, betting and deposit limits will be put in place to ensure a healthy and controlled gaming behaviour among Kenyans.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

“The gaming industry in Kenya continues to evolve rapidly, creating opportunities for economic growth, digital innovation, and employment. However, with this growth comes a heightened responsibility to safeguard the welfare of players, particularly young people and vulnerable populations,” the statement by AGOK’s board reads in part.

“AGOK acknowledges the complex challenges associated with gaming, particularly around mental health, addiction prevention, and ethical standards. These are global concerns which members of AGOK take seriously. They are at the forefront of our agenda.”

The Association furthers contends that all its members operate under a “shared code of conduct” rooted in principles of fairness, transparency and social responsibility.

Among meaningful steps it says it has taken to prevent exploitation and minimise harm include putting into place advanced age-verification systems to block underage access, self exclusion tools that provide options for and permanent restrictions to gaming activities and round-the clock toll free helplines that offer confidential mental health and addiction support.

The regulatory measures comes amid calls to regulate the sector following increase in cases of mental health and some suicide cases attributed to betting.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

The post Association of Gaming Operators in Kenya Announces New Regulations appeared first on European Gaming Industry News.

Continue Reading

Africa

Readen Holding Corp Finalises Acquisition of Morrich Lottery Limited

Published

on

readen-holding-corp-finalises-acquisition-of-morrich-lottery-limited
Reading Time: < 1 minute

 

Readen Holding Corporation, a venture capital specialising in Fintech, Digital Payments and E-commerce, has announced the successful signing of the final agreement to acquire an 80% controlling stake in Morrich Lottery Limited, a fully licensed lottery operator in Nigeria. This milestone marks RHCO’s official entry into the African gaming market — one of the fastest-growing and most promising sectors globally.

With the closing of this acquisition, RHCO now holds active licenses in Nigeria for lottery, sportsbook and casino operations, unlocking access to an estimated $2.5 billion gaming market projected to grow over 9% annually through 2030. This move positions RHCO to become a major international force in regulated gaming, entertainment and fintech infrastructure.

Ridzky Berg, CEO of RHCO, said: “This is more than an acquisition — it’s a strategic launchpad into one of the most dynamic gaming markets in the world. Nigeria’s youthful population, expanding internet access, and growing appetite for digital gaming make this a prime market. With our proven fintech backbone and seasoned leadership, we’re ready to set a new standard for integrated, secure, and user-friendly gaming platforms across the region.”

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

The post Readen Holding Corp Finalises Acquisition of Morrich Lottery Limited appeared first on European Gaming Industry News.

Continue Reading

Trending

Offering comprehensive coverage on all aspects of the gaming sector, our daily posts include online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Gaming News Room is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania